Afternoon Coffee: Continuing Coverage of Jaggaer-BravoSolution Merger, CVS-Aetna Deal Upends Healthcare Industry

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In case you missed it last week, Jaggaer is acquiring suite provider BravoSolution, a tie up that would make Jaggaer the second largest procurement technology provider by revenue, the company said. Spend Matters will continue to have in-depth coverage of the transaction in December, but readers can start with our analyst commentary from Tom Finn, whose history with company goes back to when it was merely an idea for an online lab equipment catalogue, and our recommendations for BravoSolution customers based on commercial and technological considerations.

CVS Buys Aetna

The title of 2017’s largest acquisition will likely go to CVS, which announced Sunday it would acquire health insurer Aetna for $69 billion, Reuters reports. The move comes amid increasing pressure on pharmacies from Amazon, which has acquired licenses that would allow it to sell drugs over the internet in several states. CVS is proposing to expand its medical services to include more traditional primary care services.

Toyota Looks to Hydrogen

Toyota will by 2020 the world’s first megawatt-scale carbonate fuel cell power generation plant with a hydrogen fueling station to support its operations at the Port of Long Beach, according to the San Diego Tribune. When it comes online, the plant will generate approximately 2.35 megawatts of electricity and 1.2 tons of hydrogen per day, enough to power about 2,350 average-sized homes and meet the daily driving needs of nearly 1,500 vehicles.

Manufacturing Activity

And finally, an economic update: The ISM manufacturing index cooled off in November, falling to 58.2 from 58.7 but still well above the level of contraction.

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